Ukraine Central Bank Explores CBDC As A ‘Key Element’ To Raise Money, Buy Goods

The National Bank of Ukraine (NBU) is in talks with bank representatives, non-banking financial organizations, and the cryptocurrency market about plans for an electronic version of the hryvnia, Ukraine’s legal currency. According to an official statement, the NBU aims to create an electronic hryvnia that could be used for a variety of purposes, including the issuance and exchange of virtual assets.